Stamps and Things
Why do collectors collect? It's a tough question that non-collectors will never truly be able to answer. Those of us who do collect though, know the passion for things most others find, well, strange. For some, it's spoons for others dolls. I once saw a collection of potato crisps that looked like famous people.
Digital collectibles are fairly new but have proven to awaken passions among collectors. Game items like magical artifacts or weapons can fetch high prices and have dedicated marketplaces for buying and trading them. Crypto Kitties have shown that even images of cats can be collected and some of those sold for well over $100,000.
Stamp collecting hjas been around forever. It even has a cool name, philately. Some people like the pictures, some like imagining where they've been and some, of course, collect for profit.
Digital stamps, like their physical counterparts, are pictures. Ours, made with tools from DigiPhi, also have code that makes each one unique. We use special cryptographic codes so each stamp is not only individually identifiable but also it makes each one impossible to counterfeit. (For those interested we use cryptographic hashing, blockchain, and digital signatures technology).
DigiPhi offers tools allowing anyone to issue their own collectible stamps. Stamps can be designed using elements we provide or you can design your own.
We also have a feature that paper stamps don't share. A Series of stamps can be designed so that there are variations. They can have a few variations so your Series has, let's say, 10 different versions of each stamp, or you can easily create enough so that there are millions of possible versions. Exactly how that looks is up to the designer or artists.
|Minting||The creation of a stamp. This includes assembling visual elements chosen or created by the artist/designer and cryptographic elements that make each stamp a provably unique digital object.|
|Stamp||The most basic unit, the singular artifact. Every stamp is cryptographically unique and can be proven genuine at any time. Furthermore, the date of minting as well as the order (1st or 50th or last minted in a series) a matter of permanent, unalterable, and verifiable record. This makes it possible for an individual stamp to become more valuable than others in the same series.|
|Sheet||A set of 9 stamps in a 3x3 square. When sold the sheet can be identified as a single unit. Stamps can be separated from it, breaking the sheet which then can never be reunited. It's a digital version of a stamps sheet. An unbroken sheet with particularly collectible attributes can become more valuable than a set of 9 loose stamps.|
|Series||A limited set of stamps being sold. The limit is usually time-based with a closing date at which time no new stamps in that Series will be minted and sold (existing stamps can, of course, be sold forever) or, the limit can be a maximum number of stamps regardless of how long it takes to sell them. A series may or may not look visually unique - this is up to the artist who creates them.|
|Set||An informal grouping of related series, for instance, a team may offer a Series per player to form a "set of Series". The set isn't specifically identified when stamps are minted so they can even become so grouped after the Series end. For instance, if all the teams in a given league offer Series per player, as mentioned above, collectors may find that sets of MVP's across all teams may become especially sought after.|
Launching Digital Philately
To help create an interest in collecting digital stamps we are creating a sweepstakes. Each stamp sold will have the possibility to win a cash prize for its owner. Also, anyone who buys a stamp can sell stamps to earn commissions and improve the odds of getting cash bonuses. For more info see the links below.
We already covered the basics of collectible digital stamps.
Earn Fantastic Chances to Win Cash
DigiPhi's digital collectible stamps are new and, we think, pretty neat. If you're a philatelist. What makes them even neater? Cash, the cold hard type.
You can buy a stamp or a sheet of them just to collect and trade as, we expect, many will. But we added a sweepstakes to them to help spread the fun. How's it work? Pretty easy.
Like a Free Lottery - Just Better
DigiPhi stamps are made of code that includes features that make each one of them 100% unique and impossible to counterfeit (unless you can harness all the computing power on the planet for millions of years, literally). The stamps are minted in batches, that are limited either by number sold or by date, called a Series (which limit is used is decided by the person who launches the Series). When the maximum number or the date is reached, sales of that Series end.
It's important to understand, this lottery-like feature is completely free. You buy the stamp because you like it, want to collect and trade digital stamps, or perhaps want to support the person or cause selling them. We decided to share our marketing budget with our collectors via the sweepstakes rather than spend it on an agency producing adverts. Hence the sweepstakes.
Winner Drawn at Random
When the sales of a given Series end, one stamp is drawn at random and awarded a cash prize. That means every stamp in the Series has the exact same chances of being drawn as any other.
Odds of Winning
The winner is drawn from the stamps that have been sold. So, unlike lotto-style games, there is always a winner and always just one winner. No prize sharing in this sweepstakes. It also means that the odds of winning are simple to calculate: 1 divided by the number of stamps sold. So, if there are 100 stamps sold the odds of winning are 1 in 100 (written 1:100). If 5,000 are sold the odds of winning are 1:5,000. Simple.
The Random Drawing Prize is 25% of total sales in a given series. The price of a stamp is decided by the person launching the Series.
Note: All amounts are shown in US Dollars but they could be anything. Our system uses a digital currency called XLM which can be purchased or sold for US Dollars (USD), British Pounds (GBP), Czech Crowns (CZK) or any other global currency.
Learn more about using XLM with DigiPhi.
We recomend that stamps be priced at the local equivalent of $2 and sheets for $8.
Prize Amounts and Odds Examples
|Stamps Sold||Odds of Winning||Sales in Series||Prize Amount|
The odds might look bad until you compare them to regular lotteries. Then you'll see why our sweepstakes is better. The French Lotto is considered to have the best odds of major lottery games. Their odds of winning roughly similar amounts are:
A ticket for the French Lotto, however, costs about $7*. To compare apples to apples, the odds of winning similar amounts per dollar spent, let's look at the sweepstakes odds/prize table if we use $7 as the price per stamp (That pushes the prize amounts up so fewer stamps need to be sold to reach the same prize amounts. Fewer stamps means better odds).
|Stamps Sold||Odds of Winning||Sales in Series||Prize Amount|
These odds are just crazy better, right? 1:15 vs 1:225 or 1:70 k vs 1:2,118 k? Nuts.
It Gets Even Better Though
Remember, the prize depends on the total stamps sold in the series, not just the ones you sell. As good as these odds are, our sweepstakes gets even better. The only way to improve your odds of winning a Lotto game is to buy more tickets. With our sweepstakes, you can improve your odds of winning by buying more in the same way. But if the reason you buy stamps is to play the sweepstakes you can earn chances of getting Seller Bonuses by selling stamps. If you buy a stamp you can double your odds of making some cash by selling one stamp! Yup - that means instead of 1: 100 you have 2:100, or 1: 50. If you sell 5 stamps that becomes 5: 50 or a crazy 1: 10!!!
As if that weren't enough, you can even earn a flat 10% commission on your sales whether you win or not.
Learn How to Make Money with the Bonuses and Commissions
* Actual cost & payout of the French Lotto is in EUR. USD calculated using the exchange rate as of this writing, 1EUR=$1.22)